What’s on the Economic Horizon
U.K. Trade Balance Seen To Print 8.3 Billion GBP Deficit
Fed Officials Hint That There’s Need For More Stimulus
Fitch Reaffirms Germany’s AAA Rating
U.S. Dollar (USD)
The Greenback lost ground against most of its major counterparts yesterday as risk appetite extended its stay in the markets. EUR/USD was able to hold on to its recent gains as it closed at 1.2753 while GBP/USD ended at 1.5480. Against the yen, on the other hand, the U.S. dollar was able to edge higher as USD/JPY closed 1 pip higher than its 76.84 open price. Read more…
Euro (EUR)
Slow and steady is the way to go, fellas. The euro might not have followed through with its gains, but it didn’t lose out either. EUR/USD steadied at its 1.2273 open price, while EUR/JPY closed 2 pips higher than its open price after reaching an intraday high of 98.47. Read more…
British Pound (GBP)
Make that two wins in a row! The pound extended it’s gains against the dollar yesterday. GBP/USD traded higher from its opening price of 1.5459 and closed the day at at 1.5480 after getting rejected at the 1.5800 major psychological handle. Read more…
Japanese Yen (JPY)
Yen pairs entered consolidation mode yesterday, as we didn’t see much movement on the charts. GBP/JPY remained stuck around the 119.00 handle, while USD/JPY stuck within a tight range of less than 15 pips. Read more…
Canadian Dollar (CAD)
Like the rest of Happy Pip’s comdolls, the Loonie chalked up another win against the Greenback yesterday. USD/CAD dropped by another 60 pips after reaching an intraday low of 1.0154, ending the day at 1.0169. Read more…
Australian Dollar (AUD)
Another day, another win! The Aussie is now 2 and 0 against the Greenback this week as it followed up its climb on Monday with a 61-pip rally. After gapping down over the weekend, AUD/USD skyrocketed to close just above the 1.0300 handle at the end of the day. Read more…
New Zealand Dollar (NZD)
It looks like the Kiwi got a hefty dose of Red Bull in yesterday’s trading. Shortly after NZD/USD opened at .7875, the pair zoomed up the charts and ended the day at .7930. Read more…
Swiss Franc (CHF)
It looks like the Swissy is slowly getting its swag back on the charts. USD/CHF ended the day 5 pips below its opening price at .9491. Against the euro, the Swissy was able to stage a rally during the New York session to pare most of its losses for the day before closing just a pip above its opening price at 1.2123. Read more…
Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.
In forex trading, you get better odds at securing pips when your fundamental analysis is complemented by technical analysis.
Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!
